Positive net foreign exchange requirement shapes duty benefits and recovery consequences under the export oriented unit regime. The Export Oriented Unit scheme allows units committed to export to operate within customs bonded premises with duty-free import and domestic procurement of capital goods and inputs, subject to approvals and conditions in the Foreign Trade Policy. EOUs execute a multipurpose B-17 bond, must meet accounting, installation and utilization timelines, and are monitored for compliance and foreign exchange performance. Duty concessions, self-warehousing/self-sealing (where eligible), DTA sale entitlements on concessional duty subject to being positive net foreign exchange earner, and recovery or penal measures for diversion or non-fulfilment are core operative features.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Positive net foreign exchange requirement shapes duty benefits and recovery consequences under the export oriented unit regime.
The Export Oriented Unit scheme allows units committed to export to operate within customs bonded premises with duty-free import and domestic procurement of capital goods and inputs, subject to approvals and conditions in the Foreign Trade Policy. EOUs execute a multipurpose B-17 bond, must meet accounting, installation and utilization timelines, and are monitored for compliance and foreign exchange performance. Duty concessions, self-warehousing/self-sealing (where eligible), DTA sale entitlements on concessional duty subject to being positive net foreign exchange earner, and recovery or penal measures for diversion or non-fulfilment are core operative features.
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